iovation products include: FraudForce: which provides real-time device reputation and verification insight to identify good customers, reduce reviews and help prevent online fraud; SureScore: machine learning that predicts transaction outcomes based on device trust, transaction, and contextual or behavioral indicators; ClearKey: which offers password-less authentication based on rigorous device fingerprinting and contextual insight; and LaunchKey: a multi-factor authentication process that lets mobile apps deliver advanced knowledge factors, biometrics, and location and proximity methods for strong, simplified access to any site or service

“Our mission has always been to make the digital world a safer place for both businesses and consumers, which perfectly supports TransUnion's belief in using information for good,” Greg Pierson, founder and chief executive officer of iovation said. “My team is committed to working together with TransUnion to set the standard for stopping fraud and abuse while improving customer experience.”

The TransUnion acquisition could close late in the second quarter or early in the third quarter pending regulatory approval. iovation's extensive customer base and channel partners — including Callcredit, TransUnion's pending acquisition in the U.K. — will also expand the company's footprint globally and in markets like gaming and retail.

Separately, TransUnion also announced an agreement to acquire Healthcare Payment Specialists, which helps healthcare providers optimize Medicare reimbursement, strengthening TransUnion Healthcare's Revenue Protection portfolio.

Sageworks' flagship product, ProfitCents, brought to market in 1998 and based on a proprietary artificial intelligence system, was originally designed to convert financial numbers into plain language to help business owners understand their financial statements. Since its inception, Sageworks broadened its offerings into financial institutions through lending, credit risk and portfolio risk-software products. more than 1,200 U.S. credit unions and banks and thousands of accounting professionals in the U.S. and abroad use its financial analysis solutions. To date, the company has generated millions of analytical reports aimed at making finance easier to understand and at helping people make better decisions.

Brian Hamilton, founder of Sageworks, stated, “We are pleased with the purchase by Accel-KKR, a leading firm that has vast experience in our specific industry. The purchase will allow Sageworks to have an even bigger footprint in the financial industry and to help more people, which is what we are all about.”

According to Park Durrett, managing director at Accel-KKR, “Companies like Sageworks are essential partners to financial services institutions that are both under pressure to grow but also comply with a constantly changing regulatory environment. We are excited about the opportunity to work with the Sageworks team to continue to innovate and deliver increasing value to its customer base.”